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JERA Finds Indonesian Partner for LNG Value Chain Development

Feb 09, 2024

Japan’s largest power generation company JERA has signed a memorandum of understanding (MoU) to collaborate on LNG value chain development in Indonesia with PT PLN Energi Primer Indonesia (PLN EPI), a subsidiary of PT PLN Persero.Collaboration to establish a value chain for LNG, which plays an important role as an energy transition fuel, is expected to help Indonesia achieve both a stable supply of electricity and energy transition…

QatarEnergy Signs 15-year LNG Supply Deal with Excelerate Energy

Jan 29, 2024

QatarEnergy and Excelerate Energy have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.Pursuant to the SPA, Excelerate will purchase up to 1 million tons per annum…

Jadestone Outlines Gas Sale Terms with PV Gas for Fields Offshore Vietnam

Jan 26, 2024

Asia-focused oil and gas company Jadestone Energy has signed a heads of agreement with PetroVietnam Gas Joint Stock Corporation (PV Gas) for the gas sales and purchase agreement (GSPA) relating to the Nam Du and U Minh gas fields offshore Vietnam…

Seatrium Starts Fabrication of Shell's Sparta FPU

Jan 25, 2024

Seatrium has started the steel fabrication for Sparta semi-submersible floating production unit (FPU), which is the Singapore-based company’s third FPU to be built for its long-standing customer Shell.The steel cutting ceremony marks the beginning…

Aibel-Built Modules for Bacalhau FPSO Set Sail for Singapore

Jan 24, 2024

The topside modules for the giant Bacalhau floating production storage and offloading (FPSO) unit have started the journey to Singapore where they will be integrated with the hull before heading for an assignment to Equinor-operated oil project offshore Brazil…

BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field

Jan 24, 2024

BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size…

Petronas Awards Seven New PSCs for Six Offshore Blocks in Malaysia

Jan 23, 2024

Malaysia’s Petronas has awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster under the Malaysia Bid Round 2023.The awards are expected to garner more than $275 million (RM 1…

WoodMac: Asian LNG Demand Could Rise 5% in 2024

Jan 18, 2024

Asian liquefied natural gas (LNG) demand is projected to increase by 5% at 12 million tons (Mt) in 2024, following a 2% at 5 Mt growth in 2023, according to the most recent report by Wood Mackenzie.China, the world’s largest LNG import market…

Valeura Gears Up for Busy Year in Gulf of Thailand

Jan 18, 2024

Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…

McDermott Scoops Contract for CCS Project Offshore Malaysia

Jan 16, 2024

Offshore engineering and construction firm McDermott has been awarded a contract from Malaysia Marine and Heavy Engineering (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.Under the scope of the contract…

Harbour Energy Starts Drilling Gayo-1 Well Off Indonesia

Jan 04, 2024

Oil and gas company Harbour Energy has started drilling the Gayo-1 exploration well in the Andaman II block, offshore Indonesia.Drilling started on December 31, 2023, using West Capella ultra-deepwater drillship.According to SKK Migas, Indonesia’s government regulator…

Petronas Secures 20-Year Extension for Java Sea Operations

Jan 04, 2024

Petronas, through its subsidiary PC Ketapang II, has secured a 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.Due to expire in 2028, the Ketapang PSC extension was officially…

Dyna-Mac Expands Fabrication Capacity with New Acquisition

Jan 04, 2024

Singapore-based oil and gas module construction company Dyna-Mac has acquired Exterran Offshore, expanding its fabrication capacity for current and future projects.Dyna-Mac signed a Share Purchase Agreement (SPA) to acquire 100% of the total…

Russian LNG Exports to Europe Fell 1.9% in 2023

Jan 02, 2024

Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.Europe increased purchases of LNG from global producers…

DOF Secures $60M Contract for Work on Gas Field Offshore Philippines

Jan 02, 2024

Prime Energy has extended the contract for DOF’s multipurpose supply vessel (MPSV) Skandi Hawk for work on the Malampaya gas field offshore Philippines.The contract has been extended to the end of 2027, according to Norwegian vessel owner DOF…

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